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this number at all. leading the band is the legendary ceo of general electric, jack welch. jack, you made a lot of news today. here's the tweet you put out this morning. unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. and i'm just wondering, i understand the way it works the president gets a heads up on the unemployment number 4:00 the day before and has to keep it to himself. you're saying in your tweet this morning that the news went the other way, the people working for the president somehow got the bureau of labor statistics and played with the numbers so it's down below 8 today. how does it work from your perspective? what happened here? >> all i can talk about are some of the numbers. we had 600,000 government jobs added in the last two months. we had 873,000 jobs by a household survey, which is a total estimate, from 50,000 phone calls. of those 600,000 were temporary workers. chris, these numbers are all a series of assumptions. tons of assumptions. and it just seems somewhat coincidental that the month before the election the numbe
-elected. fudging the facts on jobless numbers for political gain. we talk to jack welch, one of america's all-time great ceos. his tweet launched the controversy. the question tonight, does he stand by it? you'll hear from him in a moment. he was tweeting about september employment data which came out this morning showing the economy adding 114,000 jobs last month, and the jobless rate falling by .3 to 7.8%. that would be the lowest since president obama took office. now, before we get into what jack welch tweeted, here's how president obama reacted to the economic news. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said. >> the unemployment rate as you know this year has come down very, very slowly but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have ju
into what jack welch tweeted, here's how president obama reacted to the economic news. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said. >> the unemployment rate as you know this year has come down very, very slowly but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> he went on to say the country can do better, which is about what you would expect him to say, same as you would expect president obama to say what he said. that's the way the two sides do it, year in, year out, campaign after campaign. what no one does, at least not until now, is look at the numbers and suggest the fix is in. this morning, though, jack welch did tweeting, quote unbelievable job numbers. these chicago guys will do anything. can't de
't debate so change numbers. tweeting in regards to today's jobs report, i agree with jack welch, chicago style politics is at work here. more about jack welch and g.e. and accurate numbers more in this show later. we have an interview with cnbc. >> we have a very professional civil service organization where you have top, top economists that work at the bls. it's really ludicrous to hear that kind of statement. >> eliot: and the always wise economic adviser had this message for jack welch. i quote love you jack, but here you've lost your mind. what a coincidence joining me now is austan goolsbee, former chairman of president obama's council of economic visors. conspiracy theories running wild, and how you generate them. what is your take on this. >> okay, the numbers come from iron fortress, somewhere in the bls. it's absolutely and totally ridiculous to say some how some political people changed the numbers in bls. it makes no sense whatsoever. look i'm friends with jack welch. he's a great guy. i have no idea what he's talking about. this is birtherrest crazy stuff. i don't know how yo
of general electric, jack welch, who joins us right now. jack, you made a lot of news today. here is the tweet you put out this morning. unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. and i'm just wondering, i understand the way it works is the president gets a heads-up on the unemployment number 4:00 the day before and has to keep it to himself. you're saying in your tweet this morning that the news went the other way, that the people working for the president somehow got the bls, the bureau of labor statistics, and played with the numbers so it would come down below 8% today. how does it work from your perspective? what happened here? >> well, chris, all i can talk about are some of the numbers. we had 600,000 government jobs added in the last two months. we had 873,000 jobs by a household survey, which is a total estimate from 50,000 phone calls. of those 600,000 were temporary workers. chris, these numbers are all a series of assumptions, tons of assumptions, and it just seems somewhat coincidental that the month before the elec
to have. tweeting doesn't seem like something i'd hear from jack welch. unbelievable job numbers, fair enough. these chicago guys will do anything to change the numbers. what evidence do you have to the chicago guys got to the bureau of labor statistics and jimmied these numbers by 0.3%. >> i have no evidence. i just raised the question. >> you didn't raise the question. you are asserting in your tweet that you put out at 8:35 this morning, five minutes after the report came out that did you talk to the economists or anyone who understand how the numbers were put together before you accused the chicago guys of changing the numbers? >> chris, i know these numbers are gathered by a series of wild assumptions, maybe they weren't right at 8.5. maybe they weren't right at 8.4. but it seems coincidental that one month before the election, they would end up at 7.8. the president today is on the stump. the president, all he's talked about is 7.8. he didn't mention 600,000 jobs added in the government sector. >> see -- it's not your attitude about obama people care about, it's your analysis. yo
, i think they'll be l. >> hey, larry, huge interview tonight. you have jack welch, what else is cooking? >> 7.8% unemployment. is this magic number of president obama for real or was it cooked? good evening, i'm larry kudlow. this is "the kudlow report." team obama doing a victory lap, rejoicing over the 7.8% victory lap. my guest, jack welch, is questioning whether the numbers were cooked to help president obama. mr. welch will respond live and talk to me in a moment. this whole thing comes as the romney roll continues. scott rasmussen has three polls showing a dead heat in battle ground states, hai, virginia, florida. even the liberal magazine "the new yorker" sees it on their front cover, mitt romney pulling a clint eastwood, debating an empty chair. first up, it was the tweet that was heard around the world. my good friend jack welch set off a social media firestorm. take a look at his tweet. "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers, end quote. he's chase by accusing the white house of skewing the data to help preside
implication is there. >> i'm going to bring in ali velshi. ali, what do you make of jack welch's tweet, and what do you think tonight? >> anderson, they very troubling. anybody who has asked me in my entire career in america who the best one is, that is jack welch. there are ceos and all sorts of people retweeting what he said. he is absolutely right, there are questions to be asked about the methodology. that household survey that comes up with the unemployment number, i have said in my entire career that people should pay less attention to it. pay attention to hours worked and pay attention to wages and income. that's what touches people. but to say something like this is like donald trump saying president obama is not an american citizen without any proof. you are jack welch. jack, you've got to take this opportunity while everybody is listening to you to actually say, yes, anderson, i'm taking that tweet back. i'm going to send a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but throwing out the accusation, that's like asking the government
this week, but we did get numbers mixed and consumer confidence is good and unemployment and yet, jack welch, the former ceo of general electric as you just mentioned on squawk out on twitter today. he's been obviously critical of the white house for years now, but he says unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. that's the former head of a very large company. >> i'm on tv, and i remember jack sent me a fax when i was first on with mark haynes. i like you. i love jack. i'm trying to reconcile jack with the numbers because i trust jack and think he's terrific. i come back and say listen, they've been wrong -- he's jack. i don't think that they're phony. it doesn't make me feel that jack is off the reservation so much that i think that this particular issue -- i disagree with him. i read the tweet and i was, darn, jack, come on, man. >> let's say good is good. >> does this mark the turning point and we had david come out this morning where he was establishing 1575 and that's quite an upside for 2013 particularly if he's standing by a year-
the books in the bureau of labor statistics. jack welch tweeted, former cege, who kno -- ceo of ge, he says this is unbelievable. they're messing with the numbers. steve forbes, former gop presidential candidate, berkeley man himself, retweeted it and said, jack is right. and then there was this entire universe. i joked about it. you're out of your mind if you don't think these numbers were cooked. yesterday jack welch went on my colleague "chris matthews show" and this is what transpired. >> you put out the word here, unbelievable jobs numbers, fair enough. these chicago guys will do anything so they change the numbers. what evidence do you have that they got to the bos? the chicago guys got to the bureau of labor statistics and jimmied these numbers by .3%. >> i have no evidence, i just raised the question. >> you came out and asserted not a question mark or talked about a coincidence, you said these chicago guys will do anything so they change the numbers. do you want to take that back? jimmying with these numbers. there was corruption here, infiltration, getting to the -- it's not funny
" congratulations, ian. i hear from jack welch and everyone, even though we lost, nothing like any of us have ever seen. >> plus singing "ole, ole, ole." >> thank you. >>> when we come back, we have sam zell unveiling where he sees opportunities right now. stick around. we'll be right back. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals. pnc bank. for achiever in you. >>> fi
? not if you're hyper partisan voice of corporate plutocacy like jack welch who tweeted out the following message. unbelievable jobs numbers these chicago guys will do anything. can't debate so change numbers. come on, jack. the notion of the department of labor plays games with these numbers for political reasons is silly ludicrous and insulting to government workers who have reported news, good and bad faithfully for many decades. it strikes me, jack, that there have been a few more cases of corporate gamesmanship with financial numbers than cases where the government was not honest in the past few years. in fact, didn't your company g.e. have an accounting issue that led to a big sec settlement not so long ago? now that you've made this outlandish claim, where is your proof, your evidence, the facts to substantiate you're certification, or is it just a partisan screed? you might remember when my office charged ge then under your leadership with a range of i am preprity we had the proof and the judge forced you to take out a full-page add admitted to your i don't think doing. the key ja
Search Results 0 to 22 of about 23 (some duplicates have been removed)

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